The Agricultural Outlook has been designed to provide a comprehensive monthly analysis of the factors which affect agricultural developments. The report will carry aggregate analyses for the general and agricultural economies and will digest and update major commodity and foreign trade developments. However, an appraisal of the outlook for U.S. agriculture requires a comprehensive evaluation of the entire food and fiber system and the foreign and domestic consumers of the output of the system. Events of the past few years have led to an increasing interdependence among the sectors within the system. This report will attempt to highlight the major interrelated developments in farming, input industries and product marketing and their impact upon U.S. agriculture and the consumer.